Public Works and Economic Development Act of 1965, as amended (42 U.S.C. § 3121et seq.).
EDA has published a new Fiscal Year (FY) 2023 Public Works and Economic Adjustment Assistance (PWEAA) Notice of Funding Opportunity (NOFO).
The FY23 PWEAA NOFO outlines application submission requirements and review procedures for applications received under EDA’s Public Works and Economic Adjustment Assistance (EAA) programs.
The Public Works program provides resources to meet the construction and/or infrastructure design needs of communities to enable them to become more economically competitive.
Supported activities under EDA’s EAA program include construction and non-construction such as construction or upgrading of public infrastructure, sectoral partnerships for workforce training, design and engineering, technical assistance, economic recovery strategies, and capitalization or re-capitalization of Revolving Loan Funds (RLF).
11.300 -- Investments for Public Works and Economic Development Facilities and 11.307 -- Economic Adjustment Assistance
Discretionary
Initial
There are no application deadlines under this NOFO. Applications are accepted on a rolling basis subject to the availability of funds or until this NOFO is amended or a new PWEAA NOFO is published. EDA may cancel, modify, or withdraw this NOFO at any time.
Total Amount: $121.5 million for the Public Works program; $39.5 million for the EAA program; $48.0 million for ACC; $16.5 million for NCC; $4.5 million for BCC
With limited exceptions, cost share is required for projects funded under this NOFO. Generally, the EDA investment rate (percentage of the total project costs) will be 50 percent, but EDA may fund up to 80percent of total project costs based on the relative needs of the region.
Funds from other federal financial assistance awards may be considered matching share funds only if authorized by statute, which may be determined by EDA’s reasonable interpretation of the statute. Additional documentation may be requested by EDA to substantiate the availability of the matching funds.
Not Applicable
In order to be eligible for funding under this NOFO, an applicant must propose a project that meets EDA’s distress criteria. Applicants must self-define the appropriate region geographically. The 14 geographic area comprising a region need not be contiguous or defined by political boundaries but should constitute a cohesive area capable of undertaking self-sustained economic development. Applicants must provide third-party data that clearly indicate that the relevant region is subject to one (or more) of the following economic distress criteria: (i) an unemployment rate that is, for the most recent 24-month period for which data are available, at least one percentage point greater than the national average unemployment rate; (ii) per capita income that is, for the most recent period for which data are available, 80 percent or less of the national average per capita income; or (iii) a “Special Need,” as determined by EDA. Applicants may find EDA-funded tools useful in characterizing economic development need in their region. These can be found https://www.eda.gov/grantresources/tools/tools-for-economic-development.)
Not Applicable
Not Applicable
Please contact your local economic development representative (based on the location of the proposed project) at https://www.eda.gov/about/contact
March 2023